House prices warm up but for how long?

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House prices rose by 1.2 per cent in March but industry experts remain convinced that more falls are on the way.

The figure from the Department for Communities and Local Government follows a flat February and a fall of 1.4 per cent in January. The average home cost £205,565 in March — up 0.9 per cent on the year.

However, Howard Archer, chief UK and European economist at IHS Global Insight, said that the figures did not “materially alter our view that house prices will lose ground over the coming months ... House prices are notoriously volatile from month to month and